Qard al Hasanah and Financing Social Businesses

Sustainable economic growth and development is one of the most significant missions of every country which should be attained through economic regime framework. According to Islamic concepts of justice, security and economic growth are the objectives of the Islamic economic school and are necessary for achieving public prosperity. This research studies the possibility of financing social businesses within the Islamic economic framework in the Iranian capital market. In this study, the conceptual frameworks regarding social businesses in recent decade are surveyed and an operational model is presented for financing social businesses and the infrastructure projects. The findings reveal that there is a possibility for creating a 'social business market' and also for issuance of securities named 'qard al hasanah' which could be used for financing and developing social businesses.